Finra said at the start of the year it was looking into possible violations by registered representatives who applied for coronavirus-relief loans.
The tool, Prospect Accelerator, covers areas including tax, estate and insurance opportunities.
In the ultimate niche advisory strategy, veterans are stepping in to help current and former members of the military navigate the nuanced world of financial planning.
Sam Cone, Jessica McNamee and Grace Yung are joining the group, whose members have diverse backgrounds and specialties.
In a separate exam sweep, the SEC found that robo-advisers weren't acting in clients' best interests and were misleading in their advertising.
Despite 2020’s multi-faceted disruption, many advisory firms managed to deliver strong revenue growth and profitability. However, a select group of firms significantly outperformed peers in these areas and others – by driving three key strategies.
After buying his first Bitcoin six years ago for $235, Steve Larsen believes the digital currency is still a value at over $66,000.
If you're trying to grow, you need to be prepared to dramatically upgrade your service, including providing a first-rate digital experience and a greater range of services.
Over four years, the New York-based broker-dealer failed to identify trading that was potentially excessive and unsuitable in hundreds of customer accounts, according to Finra.
As technology-driven competitors emerge, advisers need to keep in very close contact with their clients.
These activities might help get your firm out of its rut, but it’s up to you to make it happen.
Evolving technology, increasing longevity and cryptocurrencies will all play a role in the future of advice, according to seven experts from across the wealth management industry.
A revamped model could offer new options for advisers who want to pay a more straightforward fee.
The industry will need to continue to broaden its search for talent and bring in professionals of diverse backgrounds.
'Ask a lot of open-ended questions,' one adviser said at the IN Women Adviser Summit in Naples, Fla. 'Let them tell you how they feel.' Another encouraged exploring clients' 'transitions, milestones, peaks and pits.'
Ohio-based River Cities Financial Services is led by Michael Anthony.
The common theme advisers share is that despite this effort, the firm's leadership is still quite disconnected from their real concerns.
To transition into a firm should be considered akin to a college visit or visiting a wedding venue — first impressions matter.
Recruiting is no longer a straight-up proposition, such as moving a wirehouse adviser from Merrill Lynch to UBS, or vice versa.
In the tech world, integration will not only help you 'future-proof' your tech stack, but also help make any tech missteps easier to fix.
